NOVONIX Announces Entry into Funding Agreement for up to US$100Million of Convertible Debentures
NOVONIX (NASDAQ: NVX) has secured a funding agreement with Yorkville Advisors Global for up to US$100 million in convertible debentures, which will provide the company with net proceeds of up to US$95 million. The funding will support the expansion of NOVONIX's Riverside facility in Chattanooga, Tennessee.
The agreement includes three tranches: a US$24.5 million first tranche, a US$35.5 million second tranche subject to shareholder approval, and a potential additional US$40 million tranche by mutual agreement. The facility will begin shipping commercial-grade synthetic graphite later this year, with mass production starting next year for lead customer Panasonic.
The Riverside facility will be North America's first large-scale synthetic graphite production site, with a capacity of 20,000 tonnes per annum. Combined with the planned Enterprise South location, NOVONIX's total production capacity will exceed 50,000 tonnes per annum in Chattanooga.
NOVONIX (NASDAQ: NVX) ha ottenuto un accordo di finanziamento con Yorkville Advisors Global per un massimo di 100 milioni di dollari USA in obbligazioni convertibili, che garantiranno all'azienda un ricavo netto fino a 95 milioni di dollari USA. Il finanziamento sosterrà l'espansione dell'impianto Riverside di NOVONIX a Chattanooga, Tennessee.
L'accordo prevede tre tranche: una prima tranche da 24,5 milioni di dollari USA, una seconda tranche da 35,5 milioni di dollari USA soggetta all'approvazione degli azionisti, e una possibile terza tranche aggiuntiva da 40 milioni di dollari USA concordata tra le parti. L'impianto inizierà a spedire grafite sintetica di qualità commerciale entro la fine dell'anno, con la produzione di massa prevista per il prossimo anno per il cliente principale Panasonic.
L'impianto Riverside sarà il primo sito di produzione su larga scala di grafite sintetica in Nord America, con una capacità di 20.000 tonnellate annue. Insieme alla sede pianificata di Enterprise South, la capacità produttiva totale di NOVONIX supererà le 50.000 tonnellate annue a Chattanooga.
NOVONIX (NASDAQ: NVX) ha asegurado un acuerdo de financiamiento con Yorkville Advisors Global por hasta 100 millones de dólares estadounidenses en bonos convertibles, lo que proporcionará a la empresa ingresos netos de hasta 95 millones de dólares estadounidenses. El financiamiento apoyará la expansión de la planta Riverside de NOVONIX en Chattanooga, Tennessee.
El acuerdo incluye tres tramos: un primer tramo de 24.5 millones de dólares, un segundo tramo de 35.5 millones de dólares sujeto a la aprobación de los accionistas, y un posible tramo adicional de 40 millones de dólares por acuerdo mutuo. La planta comenzará a enviar grafito sintético de grado comercial a finales de este año, con producción en masa prevista para el próximo año para el cliente principal Panasonic.
La planta Riverside será el primer sitio de producción a gran escala de grafito sintético en Norteamérica, con una capacidad de 20,000 toneladas por año. Combinado con la ubicación planificada en Enterprise South, la capacidad total de producción de NOVONIX superará las 50,000 toneladas por año en Chattanooga.
NOVONIX (NASDAQ: NVX)가 Yorkville Advisors Global과 최대 1억 달러 상당의 전환사채 자금 조달 계약을 체결하여 회사에 최대 9,500만 달러의 순자금을 제공할 예정입니다. 이 자금은 테네시주 채터누가에 위치한 NOVONIX의 리버사이드 시설 확장에 사용됩니다.
계약은 세 개의 분할로 구성되어 있습니다: 2,450만 달러의 첫 번째 분할, 주주 승인 조건의 3,550만 달러 두 번째 분할, 그리고 상호 합의에 따른 최대 4,000만 달러의 추가 분할입니다. 해당 시설은 올해 말 상업용 합성 흑연 출하를 시작하며, 내년에는 주요 고객인 파나소닉을 위해 대량 생산에 돌입할 예정입니다.
리버사이드 시설은 연간 2만 톤 생산 능력을 갖춘 북미 최초의 대규모 합성 흑연 생산 시설이 될 것입니다. 계획 중인 엔터프라이즈 사우스 시설과 합쳐 NOVONIX의 총 생산 능력은 채터누가에서 연간 5만 톤을 초과할 것입니다.
NOVONIX (NASDAQ : NVX) a conclu un accord de financement avec Yorkville Advisors Global pour un montant pouvant atteindre 100 millions de dollars américains en obligations convertibles, ce qui fournira à l'entreprise des produits nets pouvant atteindre 95 millions de dollars américains. Ce financement soutiendra l'expansion de l'usine Riverside de NOVONIX à Chattanooga, Tennessee.
L'accord comprend trois tranches : une première tranche de 24,5 millions de dollars, une deuxième tranche de 35,5 millions de dollars soumise à l'approbation des actionnaires, et une tranche supplémentaire potentielle de 40 millions de dollars par accord mutuel. L'usine commencera à expédier du graphite synthétique de qualité commerciale plus tard cette année, avec une production de masse prévue l'année prochaine pour le client principal Panasonic.
L'usine Riverside sera la première installation de production à grande échelle de graphite synthétique en Amérique du Nord, avec une capacité de 20 000 tonnes par an. Associée au site prévu d'Enterprise South, la capacité totale de production de NOVONIX dépassera 50 000 tonnes par an à Chattanooga.
NOVONIX (NASDAQ: NVX) hat eine Finanzierungsvereinbarung mit Yorkville Advisors Global über bis zu 100 Millionen US-Dollar in wandelbaren Schuldverschreibungen abgeschlossen, die dem Unternehmen einen Nettoerlös von bis zu 95 Millionen US-Dollar verschaffen wird. Die Finanzierung unterstützt die Erweiterung der Riverside-Anlage von NOVONIX in Chattanooga, Tennessee.
Die Vereinbarung umfasst drei Tranchen: eine erste Tranche in Höhe von 24,5 Millionen US-Dollar, eine zweite Tranche in Höhe von 35,5 Millionen US-Dollar, die der Zustimmung der Aktionäre bedarf, sowie eine potenzielle zusätzliche Tranche von 40 Millionen US-Dollar nach gegenseitigem Einvernehmen. Die Anlage wird noch in diesem Jahr mit dem Versand von synthetischem Graphit in Handelsqualität beginnen, die Massenproduktion für den Hauptkunden Panasonic startet nächstes Jahr.
Die Riverside-Anlage wird die erste großtechnische Produktionsstätte für synthetischen Graphit in Nordamerika sein, mit einer Kapazität von 20.000 Tonnen pro Jahr. Zusammen mit dem geplanten Standort Enterprise South wird die Gesamtproduktionskapazität von NOVONIX in Chattanooga über 50.000 Tonnen pro Jahr betragen.
- Secured up to US$95 million in funding for facility expansion
- Commercial production starting with major customer Panasonic
- Will become first large-scale synthetic graphite producer in North America
- Total production capacity to exceed 50,000 tonnes per annum
- Convertible debentures may lead to future shareholder dilution
- Second and third tranches require shareholder approval
- Significant portion of funding (US$75.5M) dependent on shareholder approval
Insights
NOVONIX secures up to $100M funding for synthetic graphite expansion, boosting production capacity ahead of commercial shipments.
NOVONIX has entered a strategic funding agreement with Yorkville Advisors for up to
The funding structure includes three tranches: an immediate
This financing supports NOVONIX's ambitious expansion in Chattanooga, Tennessee, where the Riverside facility is scaling to 20,000 tonnes per annum (tpa) capacity. Combined with the planned Enterprise South location, NOVONIX aims to achieve over 50,000 tpa total production capacity, positioning it as North America's first large-scale producer of high-performance synthetic graphite for batteries, defense, and industrial applications.
The funding mechanism through convertible debentures allows NOVONIX to secure necessary capital while potentially minimizing immediate dilution, though shareholders will need to approve the larger portions of this financing at an upcoming EGM scheduled for September 2025. This capital raise directly supports NOVONIX's strategy to establish a domestic supply chain for critical battery materials in North America, addressing strategic manufacturing priorities while creating jobs in Tennessee.
CHATTANOOGA, Tenn., July 23, 2025 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, announced today the entry into a definitive Funding Agreement to provide NOVONIX up to US
“NOVONIX will begin shipping commercial-grade synthetic graphite from Riverside later this year with mass production starting next year for our lead customer, Panasonic. The start of commercial production will mark a critical milestone for the Company as we continue to establish and build a domestic supply chain for synthetic graphite in North America,” said Mike O’Kronley, CEO of NOVONIX. “As we further expand our operations in Tennessee, we remain focused on significantly increasing production of this essential critical mineral while strengthening American manufacturing, creating high-quality jobs, and ensuring that the U.S. possesses a resilient, reliable foundation for next-generation technologies.”
Key Terms of the Funding Agreement:
- NOVONIX to issue up to US
$100,000,000 of unsecured convertible debentures to YA II PN, Ltd, an affiliate of Yorkville Advisors Global, LP (“Yorkville”), under the terms of a multi-tranche funding agreement ("Funding Agreement") - Yorkville has agreed to provide NOVONIX with funding of up to US
$57,000,000 under the first two tranches of the Funding Agreement - US
$24,500,000 first tranche of convertible debentures raising US$23,275,000 , to be issued and fully drawn down upfront, does not require shareholder approval - US
$35,500,000 second tranche of convertible debentures, raising up to an additional US$33,725,000 t hrough one or more drawdowns, to be issued subject to shareholder approval at an Extraordinary General Meeting ("EGM") to be held on or around 9 September 2025 - NOVONIX has agreed to issue an additional tranche of up to US
$40,000,000 convertible debentures, subject to shareholder approval at the EGM. Funding may only be drawn down under this additional tranche by mutual agreement between NOVONIX and Yorkville - The headline amount of funding that could be provided to NOVONIX, if all convertible debentures are issued and amounts are fully drawn, is US
$95,000,000 - Debentures issued to Yorkville under the Funding Agreement are convertible into fully paid ordinary shares of NOVONIX
For more information see ASX announcement at https://www.asx.com.au/markets/trade-our-cash-market/announcements.nvx.
NOVONIX’s Riverside facility is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery, defense, and industrial sectors in North America. To meet increasing customer demand, the Company previously announced its second synthetic graphite manufacturing plant, also in Chattanooga, Tennessee, known as the Enterprise South location. With the initial capacity at Enterprise South and its existing Riverside facility, which is scaling up to 20,000 tonnes per annum (“tpa”), NOVONIX will have total production capacity of over 50,000 tpa in Chattanooga.
This announcement has been authorised for release by Ron Edmonds, Chairman.
About NOVONIX
NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite material manufacturing operations, and has developed a patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future.
To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
For NOVONIX Limited
Scott Espenshade, ir@novonixgroup.com (investors)
Stephanie Reid, media@novonixgroup.com (media)
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements we make regarding our plans to build a new production facility, and our anticipated production capacity at each of our Riverside and planned Enterprise South facilities.
We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and future customers, the accuracy of our estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and our compliance with the applicable terms of government funding and other support, our ability to obtain patent rights effective to protect our technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory and economic developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.
Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
FAQ
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